Tag Archives: property values
Cornelius Waterfront Real Estate Market Update September 2017
Cornelius Waterfront Real Estate Stats for September 2017
Cornelius Waterfront Homes
In September 2017 7 Cornelius waterfront homes sold, a 22.2% decrease from the 9 Cornelius waterfront homes sold in August 2017. September 2017 waterfront sales figures decreased 30% from September 2016 when 10 Cornelius waterfront homes sold.
The average sales price decreased 7.5% from $1,216,300 in August to $1,125,658 in September. The September 2017 average sales price increased 12% from the September 2016 average sales price which was $1,005,340.
Average days on the market increased from 119 in August to 209 in September, a 76% increase in market time. The September 2016 average days on the market were 100, a 109% increase in market time.
Currently there are 62 active Cornelius waterfront homes listed in the MLS, down 11% from September, with 14 more under contract, up 56% from September. The average list price is $1,779,505 up 3.3% from September. The current lowest priced Cornelius waterfront home is listed at $524,900 and the current highest priced active Cornelius waterfront home is listed at $4,795,000.
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Cornelius Waterfront Condos & Townhomes
In September 2017 2 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 67% decrease from the 6 Cornelius waterfront condos sold in August 2017. September 2017 sales figures decreased 80% from September 2016 when 10 Cornelius waterfront condos sold.
The average sales price increased 12.4% from $237,167 in August to $266,500 in September. The September 2017 average sales price increased 1.2% from the September 2016 average sales price which was $263,345.
Average days on the market increased 878% from 9 in August to 88 in September. The September 2016 average days on the market were 108, an 18.5% decrease in market time from one year ago.
Currently there are 5 active Cornelius waterfront condos listed in the MLS, a 44% decrease from September, with 7 more under contract, up 40% from September. The average list price is $282,660, down 12.7% from last month. The lowest priced active Cornelius waterfront condo is listed at $199,900 and the highest priced Cornelius waterfront condo is listed at $369,000.
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Cornelius Waterfront Lots
In September 2017 1 Cornelius waterfront lot sold in the Lake Norman area, a 0% decrease from the 1 Cornelius waterfront lots sold in August 2017. September 2017 sales figures decreased 50% from September 2016 when 2 Cornelius waterfront lots sold.
The September average sales price was $344,000, up 62% from the August average sales price which was $212,500. The average sales price decreased 67.4% from the September 2016 average sales price of $1,055,000.
The average days on the market decreased 75% from August, from 306 to 75 days on the market in September. Days on the market were up 5.6% from September 2016 when the average was 71 days on the market.
Currently there are 18 active Cornelius waterfront lots listed in the MLS, up 5.9% from September, with 2 others under contract. The average list price is $945,914 down 1.2% from last month. The lowest priced Cornelius waterfront lot is listed at $355,000 and the highest priced Cornelius waterfront lot is listed at $1,650,000.
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Cornelius Real Estate Market Update September 2017
Cornelius Real Estate Market Stats for September 2017
Cornelius Homes
In September 2017 56 homes sold in the Cornelius area, a 14.3% increase from the 48 Cornelius homes sold in August 2017. September 2017 sales figures increased 5.7% from September 2016 when 53 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 6.2% from $498,631 in August to $467,840 in September. The September 2017 average sales price decreased 9.1% from the September 2016 average sales price which was $514,483.
Average days on the market increased 88.9% from 45 days in August to 85 days on the market in September. The September 2016 average days on the market were 49, a 73.5% increase in market time from one year ago.
Currently there are 158 active homes for sale in the Cornelius MLS area, down 7% from September. The average list price is $1,035,168 up 1.4% from the September average list price of $1,021,022. 88 Cornelius homes are currently under contract, up 4.8 from September. Based on these statistics, 2.8 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In September 2017 28 condos/townhomes sold in the Cornelius area, a 9.7% decrease from the 31 Cornelius condos or townhomes sold in August 2017. September 2017 sales figures decreased 22.2% from September 2016 when 36 Cornelius condos sold.
The average sales price increased 4.9% from $191,990 in August 2017 to $201,307 in September 2017. The September 2017 average sales price increased 1.4% from the September 2016 average sales price which was $198,575.
Average days on the market decreased 68% from 32 in August to 19 in September. September 2016 average days on the market were 57, a decrease of 66.7% market time from one year ago.
Currently there are 22 active condo/townhomes for sale in the Cornelius MLS area, a 12% decrease from the 25 Cornelius condos for sale in September. The average list price is $234,200, down 11% from September’s average list price of $263,524. 28 Cornelius condos/townhomes are currently under contract, a 16.7% increase from September. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In September 2017 2 lots sold in the Cornelius area, a 50% decrease from the 4 Cornelius lots sold in August 2017. September 2017 sales figures decreased 33% from September 2016 when 3 Cornelius lots sold.
The average sales price decreased 25% from $378,125 in August to $284,500 in September. The September 2017 average sales price decreased 60% from the September 2016 average sales price which was $711,667.
Average days on the market decreased 89% from 338 in August to 38 in September. The September 2016 average days on the market were 89, a 57.3% decrease in market time versus the same time period last year.
Currently there are 27 active lot listings in the Cornelius MLS area, a decrease of 3.6% from September. The average list price is $835,898, down 32% from September’s average list price of $1,231,580. 4 Cornelius lots are currently under contract, a 0% decrease from September. Based on these numbers, 13.5 months of inventory, we are in a buyers market for Cornelius lots for sale.
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